Hydro One Ltd (TSE:H) Receives Average Rating of “Hold” from Brokerages

Hydro One Ltd (TSE:H) has been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$25.95.

Several brokerages recently issued reports on H. CSFB reissued a “neutral” rating and issued a C$26.00 price objective on shares of Hydro One in a research note on Friday, May 26th. BMO Capital Markets reissued a “market perform” rating and issued a C$26.00 price objective on shares of Hydro One in a research note on Tuesday, May 23rd. TD Securities reissued a “hold” rating and issued a C$23.00 price objective on shares of Hydro One in a research note on Friday, May 5th. Raymond James Financial, Inc. increased their price objective on Hydro One from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, Royal Bank Of Canada reduced their price objective on Hydro One from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Friday, May 5th.

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In other news, Director Michael Harold Vels purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was bought at an average cost of C$23.04 per share, with a total value of C$115,200.00.

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Shares of Hydro One (TSE:H) opened at 22.515 on Monday. The firm has a 50-day moving average price of $23.35 and a 200 day moving average price of $23.70. The stock has a market cap of $13.40 billion and a PE ratio of 19.750. Hydro One has a 12-month low of $22.06 and a 12-month high of $26.54.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 30th were paid a $0.22 dividend. This is an increase from Hydro One’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, June 9th.

About Hydro One

Hydro One Limited is an electricity transmission and distribution company. The Company operates through three segments: Transmission, Distribution and Other. Its transmission segment owns, operates and maintains its transmission system. Its distribution segment consists of distribution system operated by its subsidiaries, Hydro One Networks Inc and Hydro One Remote Communities Inc Its other segment consists of its telecommunications business and certain corporate activities.